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DMG Blockchain Solutions ( (TSE:DMGI) ) just unveiled an update.
DMG Blockchain Solutions has secured verbal utility approval for an additional 10 megawatts of non-firm power at its Christina Lake data center, lifting total available capacity to 75 megawatts split between firm and curtailable supply. The company now plans to seek more non-firm power instead of only pursuing 150 megawatts of firm capacity, aiming to expand power more quickly and at lower capital cost while also evaluating use of a nearby natural gas line, including renewable natural gas options, to enhance backup and potentially primary generation and support carbon-neutral operations.
Management is positioning Christina Lake as a higher-value site for AI data center customers by combining expanded energy access with improved connectivity and a broader supply chain. February preliminary results showed DMG mined 23 bitcoin with an average hashrate of 1.78 exahash per second, while its bitcoin holdings declined slightly to 410 coins after selling some production to fund operations, underscoring a continued need to balance growth investments with liquidity and revenue from mining.
The most recent analyst rating on (TSE:DMGI) stock is a Hold with a C$0.23 price target. To see the full list of analyst forecasts on DMG Blockchain Solutions stock, see the TSE:DMGI Stock Forecast page.
Spark’s Take on TSE:DMGI Stock
According to Spark, TipRanks’ AI Analyst, TSE:DMGI is a Neutral.
The score is held down primarily by weak financial performance (persistent losses and volatile/declining TTM revenue) despite a relatively low-leverage balance sheet and improving operating cash flow. Technicals also remain soft with the price below key moving averages and negative MACD, while valuation is constrained by a negative P/E and no dividend support.
To see Spark’s full report on TSE:DMGI stock, click here.
More about DMG Blockchain Solutions
DMG Blockchain Solutions Inc. is a vertically integrated, sustainable blockchain and data center technology company that develops, manages and operates platform solutions to monetize the blockchain ecosystem. Its operations are organized under Core and Core+ pillars, with a focus on environmentally responsible practices and digital asset custody through its subsidiary Systemic Trust Corporation.
Average Trading Volume: 505,862
Technical Sentiment Signal: Sell
Current Market Cap: C$47.46M
For detailed information about DMGI stock, go to TipRanks’ Stock Analysis page.